Okay today’s conversation with nostr:npub1xswmtflr4yclfyy4mq4y4nynnnu2vu5nk8jp0875khq9gnz0cthsc0p4xw has inspired me to get my work hat on and get everyone updated digital currency tax filing matters. For starters, if you are in the USA, here’s the current question that you will need to answer on your personal return and examples of when you should answer “no” since the “yes” situations are fairly straightforward.

PLEASE TAKE NOTE, there is nothing in this question that says “gift.” They are not asking if you were gifted a digital currency. For the record…anyone I’ve ever zapped, it was a gift because I love all you beautiful purple birds.

The question is presented as follows and is a simple yes or no answer:

At any time during 2023, did you: (a) receive (as an award, reward, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or financial interest in a digital asset)?

What are typical transactions that do not require a “yes”…

-HODLing a #bitcoin (or common folks call it digital assets) in a wallet or account

-Transferring a digital asset from one wallet to another wallet or account that you own or control

-Purchasing a digital asset using US or other real currency, including through the use of electronic platforms such as nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l PayPal or Venmo.

I’m sure most of you know this already, but just trying to share my knowledge with my fens. 🤙🏻